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Business, 05.11.2019 03:31 kayli2582

Your bank offers to pay you a 3% interest rate on a one-year fixed-deposit saving account. the inflation rate is expected to be 2% by the end of the year. which of the following will be true if you decide to keep the money in the bank and the inflation rate turns out to be 4% by the end of the year?
i will be worse off
the bank will be worse off.
both the bank and i will be worse off.
neither the bank nor i will be worse off

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